As part of the Paycheck Protection Program AMERICAN SHIPPING CO INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

AMERICAN SHIPPING CO INC


Loan Amount	$1,031,500
BusinessName	AMERICAN SHIPPING CO INC
Address	250 Moonachie Rd
City	Moonachie
State	NJ
Zip	7074
NAICSCode	488510
BusinessType	Sole Proprietorship
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported
DateApproved	04/15/2020
Lender	PNC Bank, National Association
CD	NJ-09
BusinessName.clean	AMERICAN SHIPPING CO

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

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KOHRMAN JACKSON KRANTZ L